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KNPC To Close Shuaiba In 2017
...KNPC To Close Shuaiba In 2017 Kuwait’s state refiner KNPC will shut down its ageing 200,000 b/d Shuaiba refinery permanently by April 2017, more than two years earlier than planned the company said this week. This follows a series of unplanned closures, most recently due to a fire in a he...
Volume: 58Issue: 48Published at Fri, 27 Nov 2015 -
Egypt Looks Beyond Current Storms To Gas-Fueled Upland
...cent corporate presentation, adding that Shell’s previous drilling had targeted offshore Egypt’s “classical Tertiary clastic play.” Eni’s confidence in its new model was such that it drilled the Shorouk block’s Zohr prospect despite there being no contractual obligation to do so before a second, 2017...
Volume: 58Issue: 48Published at Fri, 27 Nov 2015 -
Edison Hopes For More Zohr
...cense in the latest bidround (MEES, 9 October). It also has the Israeli Neta and Royee licenses immediately to the east of its Egyptian offshore acreage. “We plan on drilling North Thekah more towards the beginning of 2017. We would consider drilling Port Fouad in 2017 – potentially back to back to No...
Volume: 58Issue: 48Published at Fri, 27 Nov 2015 -
Abu Dhabi Reaffirms Output Hike Pledge As Adco Stalemate Continues
...The UAE remains committed to increasing oil production to 3.5mn b/d by 2017. Delegates at last year’s Adipec conference eagerly anticipated an announcement on which companies would be awarded shares in the 40% of the Abu Dhabi Company for Onshore Petroleum Operations (Adco) concession av...
Volume: 58Issue: 46Published at Fri, 13 Nov 2015 -
Iran: It’s All About The Contracts For Total
...d of the current government’s term in August 2017, according to a 6 November report by state news agency Mehr. The Total CEO conjectured that without foreign assistance, Iran will likely be restricted to increasing production by “300, 400, 500,000 b/d;” even after this “it will take time.” On...
Volume: 58Issue: 46Published at Fri, 13 Nov 2015 -
IEA Rolls Up Sleeves In Run-Up To Climate Conference
...llion (ppm) by 2030 – a level deemed synonymous with limiting global warming to 2°C above pre-industrial levels. The IEA claims the transition to a low-carbon world is under way, citing the introduction of policies such as the US Clean Energy Act and China’s plans to start a carbon trading scheme in 2017...
Volume: 58Issue: 46Published at Fri, 13 Nov 2015 -
Egypt’s Waning Gas Output Receives Nile Delta Boost
...EGYPT Rising Nile Delta gas output offers the promise of relief to ongoing shortages. Egypt’s gas output has fallen every quarter since Q3 2012, dropping to just 4.2bn cfd in the third quarter of this year. A significant hike is unlikely before late 2017 when Cairo hopes to have st...
Volume: 58Issue: 45Published at Fri, 06 Nov 2015 -
BP, Eni Race For First Gas From Egypt Acreage
...pects first WND output in early 2017 as opposed to the original mid-2017 estimate. Initial output will be 450mn cfd rising to 600mn cfd at end-2017 and 1.2bn cfd plateau output by end-2019, he says. BP has spent the last 12 months optimizing its development plan, CEO Bob Dudley told investors during th...
Volume: 58Issue: 44Published at Fri, 30 Oct 2015 -
IEA Chief Warns Against Aggressive Capex Cuts
...stream spending would be unprecedented. BP CAPEX CUTS Oil and gas majors have reported further cuts. BP, reporting its Q3 results on 26 October, said it has reduced its full-year capex for the third time this year. BP expects annual capital spending to remain at $17-19bn until 2017, well down on it...
Volume: 58Issue: 44Published at Fri, 30 Oct 2015 -
European Oil Firms Stand Up And Get Counted In Tehran
...ggests the domestic economic activity could “accelerate markedly” following sanctions relief, the IMF says, with the recovery in oil production and exports providing the main boost. The IMF sees real GDP growth hitting 5.5% in 2016-17 and 2017-18, before slowing to 3.5-4% in the years that follow. “We...
Volume: 58Issue: 43Published at Fri, 23 Oct 2015 -
Sudan Looks To Boost Output
...th the secession of South Sudan in mid-2011. This translated into a massive economic blow that the government in Khartoum is still struggling to come to terms with. Sudan now targets production of 150,000 b/d by 2017, Sudapet announced earlier this year, around 30,000 b/d up on current levels. Ou...
Volume: 58Issue: 42Published at Fri, 16 Oct 2015 -
Climate Change Takes Centre Stage Ahead Of COP 21
...e end of September to start a national cap-and-trade system in 2017. ...
Volume: 58Issue: 41Published at Fri, 09 Oct 2015 -
UAE To Spend $35bn On Reducing Gas Imports For Powergen
...an $50/B, Mr Mazru’i maintains that the UAE’s plan to raise oil output capacity to 3.5mn b/d by 2017, compared with 2.78mn b/d for 2014, will not be delayed by the fall in crude prices....
Volume: 58Issue: 41Published at Fri, 09 Oct 2015 -
Could Egypt’s Gas Find Revive Exports?
...timate for the substantially smaller (5 tcf reserves, 1.2bn cfd output) West Nile Delta (WND) project that BP hopes to bring online from late 2017. “I think we will remain within $10bn for the overall development of the field,” Mr Descalzi told the Rome hearing, adding that Mr Isma’il’s initial $6-7bn es...
Volume: 58Issue: 37Published at Fri, 11 Sep 2015 -
Algeria’s Sonatrach Continues Relentless Battle Against Production Decline
...erating the field, while Algeria’s Sonatrach and Thailand’s PTT have 25% and 35% respectively. As for gas, output isn’t really expected to rise before 2017, when the new gas fields in the southwest Sahara – mainly Touat, Timimoun and Reggane - come on stream. This should be followed by Petroceltic’s Ai...
Volume: 58Issue: 35Published at Fri, 28 Aug 2015 -
Iran Sees Start-Up Of New South Pars Phases By October
...e oil ministry’s efforts to double domestic output from around 165 bcm/y in early-2014 to 330 bcm/y by 2017. This target comes as part of a wider and incredibly ambitious $62bn three-year investment plan announced by the National Iranian Gas Company (NIGC) early last year, aimed at further de...
Volume: 58Issue: 35Published at Fri, 28 Aug 2015 -
Saudi Arabia Sticks To Jazan Plans In Face Of Yemen War, Oil Price Collapse
...e refinery is still in the early days of engineering design and civil engineering but on track for completion in 2017. Saudi Aramco has awarded US firm Air Products and Saudi company ACWA Holding a contract to build the world’s largest industrial gas complex. Air Products chairman Seifi Ghasemi sa...
Volume: 58Issue: 34Published at Fri, 21 Aug 2015 -
UAE’s Upper Zakum On Track For 1mn B/D
...UAE UAE’s Upper Zakum On Track For 1mn B/D The UAE’s Zakum Development Company (Zadco), operator of the Upper Zakum offshore field, has awarded an extension to a 2008 redevelopment contract to Amec Foster Wheeler. When completed in 2017, Upper Zakum, already one of the world’s largest of...
Volume: 58Issue: 34Published at Fri, 21 Aug 2015 -
Egypt Receivables Hit $6.3bn, Up Almost $1bn From Start Of 2015
...ergy (formerly Citadel Capital), is spending €100mn on building a 180MW combined cycle gas turbine power plant which will burn Abu Qir gas from 2017 (MEES, 7 August). Croatia’s INA said in its H1 results that Egyptian receivables were up on end-2014 but without giving any details. TRANSGLOBE: DI...
Volume: 58Issue: 33Published at Fri, 14 Aug 2015 -
WND Advances With Contract Award
...ter, are slated to produce 600mn cfd from late 2017. They are the furthest east of the five key fields to be developed as part of the WND project. As such they are the nearest to BG’s existing WDDM offshore infrastructure and will be connected to BG’s existing offshore Burullus tie-in structure via do...
Volume: 58Issue: 32Published at Fri, 07 Aug 2015